|  |  |  |
| --- | --- | --- |
|   | 10. | Termination, Resignation.  |


The parties hereto agree that the Company’s obligations hereunder, BBAM’s and BBAM Ireland’s appointment as Servicer, the
Servicers’ right to receive the Servicing Fee and other compensation pursuant to Section 2 shall terminate if a Termination Event shall occur, and provided that the Servicers shall not have remedied such Termination Event within the
applicable cure periods described below. For purposes of this Section 10, each of the events described in the following paragraphs shall constitute a Termination Event: 


 




|  |  |  |
| --- | --- | --- |
|   | (a) | the insolvency of the Servicers or the commencement of any voluntary or involuntary bankruptcy, insolvency, liquidation, winding-up or similar proceedings in relation
to the Servicers;  |

  




|  |  |  |
| --- | --- | --- |
|   | (b) | the Servicers shall make a general assignment for the benefit of its creditors;  |


 




|  |  |  |
| --- | --- | --- |
|   | (c) | a material breach by the Servicers of any one or more of the obligations contained in this Agreement which shall continue unremedied for a period of 30 days after
written notice thereof by the Company;  |

  




|  |  |  |
| --- | --- | --- |
|   | (d) | the Aircraft shall cease to be owned by the Company; or  |